HSBC Reports Profit Miss, Announces Buyback

HSBC fell in Hong Kong after reporting earnings that fell short of estimates in the third quarter. The bank kept its outlook for the rest of year unchanged and announced...

By Bloomberg Markets · Bloomberg Markets

HSBC fell in Hong Kong after reporting earnings that fell short of estimates in the third quarter. The bank kept its outlook for the rest of year unchanged and announced a $1 billion share buyback. Phil Richards of Bloomberg Intelligence breaks down the numbers. (Source: Bloomberg)